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Business Loans
Last Updated: 06/21/2025

LenCred Small Business Loans

from LenCred

Last Updated: 06/21/2025
LenCred Small Business Loans logo
Rating not yet determined4 total votes
2 users recommend
2 users don't recommend

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Amount Range

$25,000 - $200,000

APR

0% - 20%(Verified 06/21/2024)
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Loan Term (Months)

N/A
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LenCred Small Business Loans Review

LenCred is a business financing offering by LenCred, based in Blackwood, NJ. Founded in 2001, LenCred offers access to small business loans in 50 states (and Washington, DC).

LenCred FAQ

What are LenCred rates?

LenCred offers a business financing product that ranges from 0% APR up to 20% APR.

Does LenCred charge an origination fee?

Yes, LenCred charges a loan origination fee of 6% to 8% of the business loan amount up to 5000 . LenCred deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

Does LenCred charge prepayment fees?

Yes, LenCred may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

How much can you borrow from LenCred?

Business loan amounts start at $25,000 and go up to $200,000.

What do you need to qualify for LenCred Small Business Loans?

LenCred Small Business Loans requires companies to be in business for at least month Businesses don't have to meet a minimum annual revenue to be considered.
Applicants with a credit score of at least 700 and up to 850 may be eligible for LenCred Small Business Loans.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by LenCred Small Business Loans.
To qualify, applicants may need to provide the following documentation:
  • Proof of income
  • Proof of identity

What is the estimated funding time for a business loan via LenCred?

LenCred can fund small business loans within 60 business days.

Does LenCred Small Business Loans report your account activity to credit bureaus?

Yes, LenCred Small Business Loans reports to the following credit bureau:
    Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

    Does LenCred perform a hard credit pull?

    Yes, LenCred performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
    Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    Headquarters

    602 Little Cloucester Rd
    Suite 8
    Blackwood, NJ 08012
    Visit Site
    Email Support

    Other Services by LenCred

    Business Lines of Credit

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    SuperMoney Net Recommendation Score

    Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

    0

    -1000+100
    No one recommends
    Everyone recommends
    The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

    LenCred Small Business Loans Community Reviews

    Would you recommend LenCred Small Business Loans to your friends?

    VC

    Vincent C.

    Mar 3, 2022

    May or may not recommend

    I'm not happy with this company at all their agents are very bad in calling back. and I'm getting threats from their finance because I'm paying for a service that's not helping me. i feel like this is a predatory company please avoid .
    NG

    Nolan G.

    Jan 21, 2020

    May or may not recommend

    Wow! This was so easy to get the money we were looking for. We came to them with our idea and they helped us not only get the money, but also build our business credit too. We can’t thank you all enough
    JP

    Jim P.

    Jan 17, 2020

    May or may not recommend

    LenCred was the only company that would even talk to me because my credit was less than 680. they took time with me, explained what I needed and were very helpful. They were the first one that cared about me, all the other guys only cared about how much they could charge me. Thank you LenCred
    Jonathan H. avatar image

    Jonathan H.

    Mar 6, 2019

    May or may not recommend

    Jeff Gazaway is horrible, nothing more than a crook. He promises but doesn't deliver. Just FYI they do nothing more than get you credit cards with a hefty fee you owe them. They will pull over 20 inquiries on your credit report and tank that. I would stay far far away from these people. I have all the email correspondence and emails to prove ...Show More

    Showing 4 of 4 reviews

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